$0.28So the average price in the last 2 weeks is around $0.33. But the financing was done at $0.28. And on top of that these are flow through shares that typically sell at 20-30% premium because of the tax benefit. So really this was a gift to friends and not a financing. They probably felt that the Brigus transaction was not rewarding enough and needed a little more.
The warrants are priced at $0.30 for a 3 year period. Nice confidence for the futur of FOR. We are already 14% over that. So they expect SP to stagnate at $0.30 for 3 years ? Or they needed bigger gift with minimum risk.
??!!??